H&M will arrange a sale before the final withdrawal from Russia

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H&M will arrange a sale before the final withdrawal from Russia
H&M will arrange a sale before the final withdrawal from Russia
18 July, 14:25EconomyPhoto: Медиахолдинг1Mi
Clothing company H&M will temporarily open its stores for a final sale of leftovers in connection with the decision to completely stop operations in Russia and sell all assets.

This is reported by Kommersant with reference to the data of the H&M management, the start date of the sale has not yet been determined. However, it is known that the stores of the network have stopped working in Russia since March of this year - after Russia launched a military special operation on the territory of Ukraine.

It is impossible to buy the company's products in the Russian Federation either through retail stores or through the website.

After the start of the military operation of the Russian Federation on the territory of Ukraine, representative offices of Western companies began to be massively closed in Russia. Following them, financial difficulties appeared in local satellite businesses that ensured the operation of the main industries. A number of companies announced the suspension of work for an indefinite period, others closed forever, and others were forced to sell their businesses to local entrepreneurs.

Thus, the Swedish concern IKEA announced that it would reduce business in the Russian Federation and sell its four factories in Russia, as well as hold a sale to eliminate residues in warehouses.

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